Indonesia
Fore Coffee‘s share price up 34.04 percent on IPO debut
PT Fore Kopi Indonesia Tbk (Fore Coffee), the Indonesia-based premium affordable coffee chain, saw its share prices jump 34.04 percent to Rp252 ($0.015) per share on the first day of trading.
East Ventures incubated company Fore Coffee’s IPO oversubscribed over 200 times
PT Fore Kopi Indonesia Tbk (Fore Coffee), an Indonesia-based premium affordable coffee chain, said its initial public offering (IPO) was oversubscribed by 200.63 times.
J&T Express reports 31.2 percent parcel volume growth in first quarter
J&T Global Express Limited (J&T Express), a global logistics service provider, announced Thursday that the company achieved a total parcel volume of approximately 6.6 billion in the first quarter of 2025, a 31.2 percent year-over-year increase.
Malaysia’s Hoopi closes seed funding round spearheaded by Creative Gorilla Capital
Hoopi Holdings Pte Ltd, a collectibles and trading cards platform based in Indonesia, has successfully secured its maiden institutional funding round led by Creative Gorilla Capital (CGC), a Jakarta-based venture capital firm that invests in early-stage consumer-facing businesses.
Axiata and Sinar Mas secure shareholders approval for XLSMART merger
Malaysian telecommunications firm Axiata Group Berhad and Indonesian conglomerate Sinar Mas said shareholders of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom have formally approved the merger of the three companies into XLSMART.
GoTo collaborates with Google Maps to boost mapping experience
Indonesia-based digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo) has on Monday announced a strategic collaboration between its on-demand services unit Gojek and Google Maps, that will significantly enhance the mapping experience for its consumers, driver-partners, and merchants.
Maybank expects efficiency gains to accelerate Goto’s profitability
Maybank Investment Bank expects efficiency gains to accelerate the path to profitability of PT GoTo Gojek Tokopedia Tbk (GoTo), and it projects the firm's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of IDR 1.5 trillion in FY25.
East Ventures-backed Fore Coffee plans IPO for business expansion
PT Fore Kopi Indonesia Tbk (Fore Coffee), a premium affordable Indonesian coffee chain, has on Friday announced its plan to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
VinFast, Amarta ink deal to develop 22 VinFast stores in Indonesia
Vietnamese electric vehicles maker VinFast has signed a memorandum of understanding (MoU) with Indonesian vehicle distributor PT Aribi Amartapura (Amarta) to accelerate the expansion of its showroom network in Indonesia.
Indonesia’s Telkom plans to integrate Meta’s LlaMa technology
Indonesia-based telecommunications firm Telkom Group said Tuesday that it plans to implement LlaMa, a state-of-the-art, open-source AI model developed by global technology firm Meta, into the customer chatbots of its enterprise clients.
